The Economic Base of Rio Arriba County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University

Similar documents
The Economic Base of Rio Arriba County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University

The Economic Base of Rio Arriba County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University

The Economic Base of Valencia County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University.

The Economic Base of Curry County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University.

The Economic Base of Sandoval County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University.

The Economic Base of Doña Ana County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University.

The Economic Base of San Miguel County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University

The Economic Base of Sandoval County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University.

The Economic Base of Curry County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University.

The Economic Base of Doña Ana County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University.

The Economic Base of San Juan County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University.

The Economic Base of Bernalillo County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University

The Economic Base of Quay County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University.

The Economic Base of Bernalillo County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University

The Economic Base of Eddy County, NM. PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University.

The Economic Base of the Albuquerque, NM, Metropolitan Statistical Area

The Economic Base of the Albuquerque, NM, Metropolitan Statistical Area

Basics of Economic Data

SOUTH DAKOTA KIDS COUNT BEACOM SCHOOL OF BUSINESS UNIVERSITY OF SOUTH DAKOTA 414 E. CLARK STREET VERMILLION, SD

ECONOMY OF TUCSON AND SOUTH TUCSON

Industry Employment Projections. Overview of Employment Growth. Ashley Leach, Economist. 1 Projected Employment Growth by Substate Area

Highest Ranked Industries

The Economic Impact of the Local Healthcare System on the Owsley County Economy

Regional Economics 6-1. Northwest Regional Comprehensive Plan Regional Economics

The Value of the Local Healthcare System on the Lyon County Economy

The Value of the Local Healthcare System on the Harrison County Economy

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

SELECTED ECONOMIC CHARACTERISTICS American Community Survey 5-Year Estimates

American Community Survey 5-Year Estimates

University of New Mexico Bureau of Business and Economic Research. New Mexico Women s Agenda Lobbying Workshop. State of the Economy: US, New Mexico

Demographic and Economic Profile. New Mexico. Updated June 2006

The Economic Impact of the Local Healthcare System on the Woodford County Economy

American Community Survey 5-Year Estimates

Tell us what you think. Provide feedback to help make American Community Survey data more useful for you.

2005 Base Year Employment Data 2040 Employment Projections Methodology Report

U.S. CAPITAL SPENDING PATTERNS

The Value of the Local Healthcare System on the Jefferson County Economy

New Mexico Economy: Recent Developments and Outlook

Demographic and Economic Data for Guadalupe County, New Mexico

Minnesota Printing Industry Economic & Fiscal Contribution

The Economic. Impact of Veteran-Owned. Franchise. August 30, 2011

North Dakota Printing Industry Economic & Fiscal Contribution

Demographic and Economic Profile. Delaware. Updated December 2006

Economic Overview. Lawrence, KS MSA

ECONOMIC OVERVIEW DuPage County, Illinois

2016 Economic Impact of Tourism in Morgan County. Methodology, Metrics and Evaluation

County Economic Profile Jefferson Davis County, MS extension.msstate.edu/economic-profiles

Measuring Iowa s Economy: Income. By Michael A. Lipsman

Reference Point May 2015

Economic Overview City of Tyler, TX. January 8, 2018

A SUMMARY OF ECONOMIC CONDITIONS IN SEMINOLE, WEWOKA AND SEMINOLE COUNTY, OKLAHOMA 2011

A SUMMARY OF ECONOMIC CONDITIONS IN HENRYETTA AND OKMULGEE COUNTY, OKLAHOMA 2009

County Economic Profile Warren County, MS extension.msstate.edu/economic-profiles

Economic Overview York County, South Carolina. February 14, 2018

Businesses in Kentucky

Demographic and Economic Profile. North Dakota. Updated June 2006

Demographic and Economic Profile. New Jersey. Updated December 2006

2016 Economic Impact of Tourism in Tippecanoe County. Methodology, Metrics and Evaluation

Economic Overview Monterey County, California. July 22, 2016

Economic Indicators for the Laramie Area Annual Trends Edition

Economic Overview New York

Utah. Demographic and Economic Profile. Metro and Nonmetro Counties in Utah

County Economic Profile Sharkey County, Mississippi extension.msstate.edu/economic-profiles

County Economic Profile Oktibbeha County, Mississippi extension.msstate.edu/economic-profiles

2016 Labor Market Profile

County Economic Profile Oktibbeha County, MS extension.msstate.edu/economic-profiles

Economic Overview Loudoun County, Virginia. October 23, 2017

Economic Overview Long Island

DEMOGRAPHIC PROFILE...3 EMPLOYMENT TRENDS...5 UNEMPLOYMENT RATE...5 WAGE TRENDS...6 COST OF LIVING INDEX...6 INDUSTRY SNAPSHOT...7

Economic Overview Long Island

Michigan Economic Development Corporation

Economic Impacts of the First 5 Placer Children & Families Commission s Funded Programs

Economic Overview 45-Minute Commute From Airport Park. June 6, 2017

Economic Overview Western New York

Economic Overview Fairfax / Falls Church. October 23, 2017

October 28, Economic Overview Yellowstone County, Montana

Transcription:

The Economic Base of Rio Arriba County, NM PREPARED BY: The Office of Policy Analysis at Arrowhead Center, New Mexico State University DATE: July 2017

The Economic Base of Rio Arriba County, New Mexico Introduction This report is one of 35 economic base studies prepared by the Office of Policy Analysis at New Mexico State University s (NMSU) Arrowhead Center. Of the 35 reports, 33 describe the economic base of New Mexico s counties. There are separate reports for the State of New Mexico and for the Albuquerque Metropolitan Statistical Area (MSA). New Mexico has three additional MSAs (Las Cruces, Santa Fe, and Farmington) all of which are single county MSAs; separate reports for these MSAs were not prepared. All 35 reports may be found at http://arrowheadcenter.nmsu.edu/economic-and-policystudies/. The reports have been prepared under the direction of James Peach, Director of the Office of Policy Analysis. Leonardo Delgado and Noel Martinez, graduate students in the NMSU Doctorate in Economic Development program, did much of the work on the updates. Comments and suggestions are welcome and are to be sent to jpeach@nmsu.edu. Our intent is to update these reports on an annual basis. An economic base study is a descriptive tool used to analyze the composition of the local economic activity. Economic base studies are often conducted to help guide local economic development activities and to help economic development officials make decisions such as what type of firms they should attempt to attract to local areas. Economic base studies can also assist local and regional businesses to better understand local and export product markets. The specific purposes of economic base studies include: Understand regional economic growth Make short and long term forecasts Identify potential growth sectors Identify potential problem areas According to economic base theory, any local economy may be divided into basic and non-basic industries. The economic base theory also suggests that economic growth depends on sectors that export goods and services out of the region (basic industries), as opposed to those businesses whose services remain local (non-basic industries). Basic industries promote local economic growth by bringing jobs and income into the local economy. Non-basic industries serve local residents and provide support to basic industries. An industry classified as basic in one region may be identified as non-basic in another region. One common means of identifying local basic activity is through the use of location quotients (LQs). LQs 1

are calculated as a single industry s percent of total local employment divided by that industry s percent of total state or national employment. For example, an LQ for a single New Mexico industry (industry j) may be calculated as follows: (Employment in industry j in NM / total employment in NM) LQ = (Employment in industry j in US / total employment in US) The LQ serves to illustrate the relative importance in the level of the local employment of that sector with respect to the benchmark economy, as the state or national economy. A LQ greater than 1.0 indicates that a particular industry employs proportionately more workers locally than it does at the state or national level. Conversely, an LQ of less than 1.0 indicates that the industry of note employs fewer workers locally as compared to the state or national average. For additional information on LQs, see http://arrowheadcenter.nmsu.edu/wp-content/uploads/2015/06/whatisalocationquotient.pdf. In this report, LQs are calculated and analyzed for the industries within Rio Arriba County with national employment as the basis for comparison (see Table 1). Additionally, LQs using employment for the state of New Mexico as the benchmark are included (see Table 2). For the purposes of this report, basic industries are identified using general knowledge about the structure of the local economy combined with LQs greater than 1.0. LQs are described for the most recent year which data are available and the four years preceding (2011-2015). The economic data used in this report are from the U.S. Department of Commerce, Bureau of Economic Analysis (BEA) which can be found at www.bea.gov. Rio Arriba County, New Mexico Rio Arriba County is located in northwestern New Mexico and contains 5,860.84 square miles, or 4.83 percent of the land area in New Mexico. The population of Rio Arriba County in 2015 was 39,465, or 1.9 percent of the state total, ranking 13 th in New Mexico in terms of population. Between 2011 and 2015, the population of Rio Arriba County decreased by 2.13 percent. The Town of Española, with a population of 10,047 in 2015 represented 25.46 percent of the population of Rio Arriba County. During the same period, New Mexico s population increased by.33 percent and the United States population increased by 3.11 percent. 2

Per capita personal income in Rio Arriba County was $32,254 and ranked 26 th in the state in terms of per capita income in 2015. Per capita income for Rio Arriba County in 2015 was 85.0 percent of the corresponding state figure ($37,938) and 67.0 percent of the national average ($48,112) (See Figures 1 and 2). The percent growth of per capita income in Rio Arriba County between 2011 and 2015 was 5.64 percent, which was less than the state s (9.24) and nation s (13.33) growth rate for the same period Total employment in Rio Arriba County was 15,553 in 2015. Between 2011 and 2015, total employment in Rio Arriba County decreased by 2.56 percent, while the state s total employment increased by 2.88 percent and the nation s employment increased by 7.89 percent for the same period. The Rio Arriba County employment to population ratio was 0.40 in 2015, compared to the state ratio (0.53) and the nation s ratio (0.59). This ratio represents a low rate of the population being employed in the county. In 2015, 56.92 percent of Rio Arriba County was employed in the Private sector, while 31.04 percent were employed in Government and government enterprises, and 12.04 percent worked in Farm employment. The industries with the highest percentages of total employment included: Health care 3

and social assistance (11.46 percent), Retail trade (9.37), and Accommodation and food services (6.73). Within the public sector, Local government was the largest employer with 23.86 percent of total employment; State employment accounted for 4.63 percent, Federal / civilian accounted for 1.92 percent and Military for 0.64 percent. Employment for Rio Arriba County by sector is displayed in Table 3. Basic and Non-Basic Industries in Rio Arriba County, New Mexico Table 1 contains LQs for Rio Arriba County from 2011 to 2015 calculated using data for the United States as the basis of comparison. Table 2 contains LQs for Rio Arriba County from 2011 to 2015 calculated with respect to the state of New Mexico. For the purposes of this report, an LQ greater than 1.0 with respect to the U.S. employment is considered as a basic industry. The sectors with an LQ greater than 1.0 have been shaded. The importance of the Agricultural sector, here defined as Farm employment and Forestry, fishing, and related activities is reflected in the high LQs for both of these industries. Farm employment had an LQ of 8.67, with LQs greater than 7.61 for all years considered; Forestry, fishing, and related activities had an LQ of 2.02 in 2015 and LQs greater than 1.69 for all years considered. The Agricultural sector for Rio Arriba (Farm employment and Forestry, fishing, and related activities), is considered a basic sector. Arts, entertainment, and recreation is also considered as a basic economic activity in Rio Arriba County. This sector had an LQ of 1.10 in 2015 and LQs exceeding 1.06 in all years considered, reflecting the substantial artist community in and around Española. Additionally, Rio Arriba County is home to Heron Lake State Park, Vado Lake State Park, and numerous attractions in and around Chama including the Cumbres and Toltec Scenic Railroad. Because these attract tourists from nearby Santa Fe and Taos counties, the Arts, entertainment, and recreation industry is considered a basic economic sector for this analysis. Health care and social assistance had an LQ of 1.02 in 2015, as well as LQs in between.98 and 1.06 in all years considered. These LQs reflect the employment base of Rio Arriba s two medical centers, Los Alamos Medical Center and Española Hospital, both located in Española. Though the Health care and social assistance industry is often categorized as a non-basic industry, considering these hospitals importance in serving several neighboring counties, this sector is considered as part of the basic economic base of Rio Arriba County. Mining in the past was considered as a basic economic activity in Rio Arriba County. The Mining sector had an LQ of.62 in 2015, however, in previous years, the LQs fluctuated between.79 and 1.10. 4

The Mining sector includes pumice mining, especially in the Guaje Canyon Mine and the El Cajete Mine, both located in the Jemez Mountains, southwest of Española. Because the LQ for mining has decreased in the for two years well below the 1.0, it is not a basic industry this year. The other sector with a LQ above 1.0 in 2015 included Utilities (2.29). Nevertheless, this industry in Rio Arriba County is to be considered as non-basic or a support industry. The entry labeled Government and government enterprises is the aggregate figure of all government levels listed as government categories. All government sectors, with the exception of Military employment, had LQs greater than 1.0 in 2015. State government had an LQ of 1.66 in 2015 and LQs greater than 1.66 in all years considered. State government reflects the employment base of the District Eleven New Mexico State Police and the New Mexico Environmental Improvement Office, both located in Española. Federal civilian employment had an LQ of 1.30 and LQs exceeding 1.30 in all years considered. This industry reflects the employment base of the East Rio Arriba Soil and Water Conservation District Office and the U.S. Rural Development Office, as well as Bandelier National Monument. For this analysis, Federal civilian and State government employment are considered as basic economic activities. Local government had an LQ of 3.22 in 2015. However, local government is generally categorized as non-basic given that all local governments collect taxes from residents to provide for the services to the community, including employment. Following this practice, local government for Rio Arriba County will be considered as a non-basic industry. The data and analysis suggest that in 2015 the following industries should be considered basic industries in Rio Arriba County: 1. The Agricultural sector, including Farm employment (1,917) and Forestry, fishing, and related industries (163), accounted for 2,080 total jobs. 2. Arts, entertainment, and recreation, accounted for 388 jobs. 3. Health care and social assistance, accounted for 1,824 jobs. 4. State government employment, accounted for 737 jobs. 5. Federal civilian employment, accounted for 305 jobs. It is common in economic base studies to calculate what is known as an export-base multiplier. This multiplier is obtained by dividing total employment by basic sector employment. In the case of Rio Arriba County, the multiplier is equal to 2.98 (15,920/ 5,334). This ratio suggests that the addition of each basic sector job in Rio Arriba County would be associated with an additional 2.98 non-basic sector jobs. The export base multiplier (2.98) calculated above reinforces the importance of basic (exporting) industries to the economy of Rio Arriba County. In general terms, this employment multiplier is not to 5

be compared to employment multipliers included in economic impact analysis tools including RIMS, REMI, and IMPLAN. In the case of Rio Arriba County, potential double counting occupation may result in an upward bias of the multiplier given that farm proprietors often have more than one occupation. Local economic development policy actions such as the creation of industrial parks, tax abatement and financing, and workforce development projects are often used by local communities to expand an area s economic base. The development of a community economic development plan is to include the appropriate combination of policies, which often result from public and private sector interaction. Summary of Changes from Prior Year This document has been revised to reflect data figures obtained from the BEA for the economic data and the U.S. Census for population data. The population of Rio Arriba County in 2015 was 39,465, a decrease of 0.56 percent from the population of 39,686 in 2014. Per capita personal income in Rio Arriba County in 2015 was $32,254, an increase of 6.27 percent from $30,351 in 2014. Because of a decreasing LQ for two years Mining was not considered a basic industry for this time period. Tables 1 to 10 appear on pages 7-16 6

Table 1: Location Quotients for Rio Arriba County (US Base) 2011-2015 US Base 2011 2012 2013 2014 2015 Wage and salary employment 0.87 0.87 0.87 0.88 0.88 Proprietors employment 1.45 1.45 1.46 1.43 1.42 Farm proprietors employment 9.39 10.41 10.53 10.70 10.77 Nonfarm proprietors employment 1.05 1.01 1.02 1.00 1.00 Farm employment 7.61 8.44 8.63 8.57 8.67 Nonfarm employment 0.90 0.89 0.89 0.89 0.89 Private nonfarm employment 0.66 0.64 0.65 0.66 0.66 Forestry, fishing, and related activities 1.69 1.76 1.83 1.99 2.02 Mining 1.10 0.96 1.03 0.79 0.62 Utilities 2.76 2.73 2.60 2.31 2.29 Construction 0.89 0.85 0.85 0.81 0.82 Manufacturing 0.30 0.31 0.27 0.25 0.26 Wholesale trade 0.25 0.25 0.24 0.25 0.24 Retail trade 0.93 0.93 0.91 0.91 0.93 Transportation and warehousing 0.38 0.35 0.35 0.33 0.45 Information 0.36 0.40 0.42 0.41 0.42 Finance and insurance 0.33 0.31 0.31 0.32 0.27 Real estate and rental and leasing 0.46 0.37 0.37 0.36 0.36 Professional, scientific, and technical services N/A N/A N/A N/A N/A Management of companies and enterprises N/A N/A N/A N/A N/A Administrative and waste management services 0.41 0.47 0.55 0.55 0.54 Educational services 0.60 0.51 0.52 0.61 0.66 Health care and social assistance 1.06 0.98 1.00 1.04 1.02 Arts, entertainment, and recreation 1.06 1.07 1.03 1.00 1.08 Accommodation and food services 0.79 0.79 0.82 0.90 0.91 Other services, except public administration 0.79 0.78 0.78 0.80 0.79 Government and government enterprises 2.35 2.44 2.43 2.44 2.45 Federal, civilian 1.39 1.40 1.39 1.38 1.30 Military 0.61 0.62 0.63 0.61 0.62 State and local 2.69 2.79 2.77 2.78 2.80 State government 1.72 1.86 1.91 1.78 1.66 Local government 3.05 3.14 3.10 3.16 3.22 Total employment 1.00 1.00 1.00 1.00 1.00 Source: Bureau of Economic Analysis at www.bea.gov, table CA25N and author's calculation 7

Table 2: Location Quotients for Rio Arriba County (NM Base) 2011-2015 NM Based 2011 2012 2013 2014 2015 Wage and salary employment 0.86 0.87 0.86 0.87 0.87 Proprietors employment 1.50 1.49 1.52 1.50 1.47 Farm proprietors employment 5.14 5.34 5.35 5.38 5.31 Nonfarm proprietors employment 1.14 1.10 1.12 1.10 1.09 Farm employment 4.44 4.65 4.61 4.69 4.59 Nonfarm employment 0.91 0.90 0.90 0.90 0.90 Private nonfarm employment 0.73 0.71 0.71 0.72 0.73 Forestry, fishing, and related activities 1.68 1.81 1.87 1.92 1.91 Mining 0.29 0.26 0.27 0.19 0.15 Utilities 2.11 2.05 1.90 1.70 1.70 Construction 0.79 0.78 0.78 0.75 0.77 Manufacturing 0.63 0.64 0.58 0.54 0.57 Wholesale trade 0.36 0.35 0.34 0.35 0.33 Retail trade 0.90 0.90 0.87 0.87 0.89 Transportation and warehousing 0.53 0.48 0.48 0.46 0.65 Information 0.42 0.47 0.51 0.50 0.52 Finance and insurance 0.55 0.50 0.52 0.52 0.43 Real estate and rental and leasing 0.56 0.45 0.46 0.45 0.45 Professional, scientific, and technical services N/A N/A N/A N/A N/A Management of companies and enterprises N/A N/A N/A N/A N/A Administrative and waste management services 0.49 0.58 0.67 0.68 0.69 Educational services 0.91 0.79 0.80 0.95 1.00 Health care and social assistance 1.02 0.96 0.98 1.00 0.97 Arts, entertainment, and recreation 1.07 1.07 1.04 1.02 1.07 Accommodation and food services 0.72 0.72 0.74 0.80 0.81 Other services, except public administration 0.89 0.88 0.89 0.91 0.90 Government and government enterprises 1.61 1.65 1.64 1.63 1.63 Federal, civilian 0.75 0.76 0.76 0.76 0.72 Military 0.42 0.42 0.41 0.40 0.42 State and local 1.92 1.97 1.94 1.92 1.92 State government 0.94 1.01 1.03 0.93 0.86 Local government 2.46 2.49 2.44 2.48 2.53 Total employment 1.00 1.00 1.00 1.00 1.00 Source: Bureau of Economic Analysis at www.bea.gov, table CA25N and author's calculation 8

Table 3: Rio Arriba County Total Employment by Industry 2015 Total Jobs Percent of Total Employment Wage and salary employment 10,878 68.33 Proprietors employment 5,042 31.67 Farm proprietors employment 1,645 10.33 Nonfarm proprietors employment 3,397 21.34 Farm employment 1,917 12.04 Nonfarm employment 14,003 87.96 Private nonfarm employment 9,061 56.92 Forestry, fishing, and related activities 163 1.02 Mining 78 0.49 Utilities 113 0.71 Construction 679 4.27 Manufacturing 282 1.77 Wholesale trade 138 0.87 Retail trade 1,491 9.37 Transportation and warehousing 251 1.58 Information 120 0.75 Finance and insurance 218 1.37 Real estate and rental and leasing 264 1.66 Professional, scientific, and technical services (D) N/A Management of companies and enterprises (D) N/A Administrative and waste management services 542 3.40 Educational services 256 1.61 Health care and social assistance 1,824 11.46 Arts, entertainment, and recreation 388 2.44 Accommodation and food services 1,071 6.73 Other services, except public administration 727 4.57 Government and government enterprises 4,942 31.04 Federal, civilian 305 1.92 Military 102 0.64 State and local 4,535 28.49 State government 737 4.63 Local government 3,798 23.86 Total employment 15,920 100.00 Source: Bureau of Economic Analysis at www.bea.gov, table CA25N and author's calculation 9

Table 4: Rio Arriba County Employment by Industry 2011-2015 Number of jobs by industry 2011 2012 2013 2014 2015 Wage and salary employment 10,526 10,526 10,521 10,617 10,878 Proprietors employment 4,996 4,933 5,014 4,936 5,042 Farm proprietors employment 1,551 1,657 1,665 1,647 1,645 Nonfarm proprietors employment 2/ 3,445 3,276 3,349 3,289 3,397 Farm employment 1,768 1,910 1,945 1,894 1,917 Nonfarm employment 13,754 13,549 13,590 13,659 14,003 Private nonfarm employment 8,724 8,476 8,611 8,756 9,061 Forestry, fishing, and related activities 128 135 142 157 163 Mining 121 129 141 105 78 Utilities 140 136 128 112 113 Construction 686 658 666 647 679 Manufacturing 326 334 296 266 282 Wholesale trade 138 133 132 140 138 Retail trade 1,471 1,454 1,422 1,430 1,491 Transportation and warehousing 188 176 177 172 251 Information 101 111 118 114 120 Finance and insurance 285 256 262 259 218 Real estate and rental and leasing 322 250 255 254 264 Professional, scientific, and technical services (D) (D) (D) (D) (D) Management of companies and enterprises (D) (D) (D) (D) (D) Administrative and waste management services 389 447 528 535 542 Educational services 216 185 190 228 256 Health care and social assistance 1,808 1,708 1,751 1,803 1,824 Arts, entertainment, and recreation 362 366 355 351 388 Accommodation and food services 864 862 919 1,019 1,071 Other services, except public administration 715 698 698 725 727 Government and government enterprises 5,030 5,073 4,979 4,903 4,942 Federal, civilian 357 348 335 321 305 Military 111 110 109 101 102 State and local 4,562 4,615 4,535 4,481 4,535 State government 797 845 856 787 737 Local government 3,765 3,770 3,679 3,694 3,798 Total employment 15,522 15,459 15,535 15,553 15,920 Source: Bureau of Economic Analysis at www.bea.gov, table CA25N 10

Table 5: New Mexico Employment by Industry 2011-2015 Number of jobs by industry 2011 2012 2013 2014 2015 Wage and salary employment 837,281 839,789 846,896 852,861 859,738 Proprietors employment 228,010 227,968 228,971 229,416 236,211 Farm proprietors employment 20,715 21,436 21,547 21,322 21,311 Nonfarm proprietors employment 207,295 206,532 207,424 208,094 214,900 Farm employment 27,323 28,370 29,218 28,111 28,772 Nonfarm employment 1,037,968 1,039,387 1,046,649 1,054,166 1,067,177 Private nonfarm employment 824,157 827,488 835,812 844,809 858,620 Forestry, fishing, and related activities 5,237 5,138 5,247 5,682 5,884 Mining 28,362 34,232 36,831 38,198 35,898 Utilities 4,554 4,583 4,667 4,591 4,573 Construction 59,382 58,032 59,248 59,713 60,555 Manufacturing 35,750 35,771 35,469 34,032 34,076 Wholesale trade 26,513 26,486 26,694 27,496 28,567 Retail trade 111,583 111,908 112,808 114,086 115,724 Transportation and warehousing 24,333 25,361 25,505 25,846 26,447 Information 16,508 16,473 16,059 15,723 16,006 Finance and insurance 35,632 35,138 34,903 34,602 34,612 Real estate and rental and leasing 39,760 38,275 38,513 39,253 40,479 Professional, scientific, and technical services 77,591 76,152 75,940 76,094 77,546 Management of companies and enterprises 5,491 5,449 5,503 5,632 5,814 Administrative and waste management services 54,746 53,440 54,622 54,418 54,184 Educational services 16,280 16,152 16,404 16,716 17,553 Health care and social assistance 121,675 123,264 123,782 124,943 129,672 Arts, entertainment, and recreation 23,142 23,722 23,743 24,052 24,885 Accommodation and food services 82,391 83,232 85,532 88,375 90,601 Other services, except public administration 55,227 54,680 54,342 55,357 55,544 Government and government enterprises 213,811 211,899 210,837 209,357 208,557 Federal, civilian 32,611 31,631 30,389 29,462 29,200 Military 18,057 18,178 18,350 17,518 16,917 State and local 163,143 162,090 162,098 162,377 162,440 State government 58,306 57,523 57,763 58,753 58,916 Local government 104,837 104,567 104,335 103,624 103,524 Total employment 1,065,291 1,067,757 1,075,867 1,082,277 1,095,949 Source: Bureau of Economic Analysis at www.bea.gov, table CA25N 11

Table 6: United States Employment by Industry 2011-2015 Number of jobs by industry 2011 2012 2013 2014 2015 Wage and salary employment 137,105,000 139,721,000 142,015,000 144,811,000 147,634,000 Proprietors employment 39,173,700 39,360,700 40,393,100 41,357,100 42,561,400 Farm proprietors employment 1,876,000 1,844,000 1,856,000 1,842,000 1,825,000 Nonfarm proprietors employment 37,297,700 37,516,700 38,537,100 39,515,100 40,736,400 Farm employment 2,639,000 2,623,000 2,646,000 2,645,000 2,642,000 Nonfarm employment 173,639,700 176,458,700 179,762,100 183,523,100 187,553,400 Private nonfarm employment 149,350,700 152,356,700 155,708,100 159,476,100 163,411,400 Forestry, fishing, and related activities 860,600 886,400 911,100 943,000 962,000 Mining 1,244,000 1,551,200 1,606,000 1,593,500 1,504,600 Utilities 575,500 577,600 578,300 580,600 588,500 Construction 8,774,800 8,944,800 9,251,800 9,582,300 9,948,900 Manufacturing 12,385,700 12,605,200 12,760,200 12,905,600 13,091,200 Wholesale trade 6,160,300 6,243,500 6,345,100 6,574,900 6,785,600 Retail trade 17,954,300 18,085,800 18,383,100 18,744,100 19,149,000 Transportation and warehousing 5,684,800 5,872,400 6,020,800 6,273,400 6,605,300 Information 3,230,000 3,224,700 3,264,600 3,327,000 3,376,600 Finance and insurance 9,751,500 9,702,300 9,816,300 9,617,000 9,645,700 Real estate and rental and leasing 7,936,300 7,859,200 8,060,800 8,421,800 8,727,200 Professional, scientific, and technical services 11,970,100 12,211,200 12,549,300 12,867,700 13,242,900 Management of companies and enterprises 2,080,600 2,180,200 2,265,000 2,366,300 2,431,800 Administrative and waste management services 10,753,600 11,035,400 11,371,900 11,730,200 12,022,900 Educational services 4,122,600 4,198,200 4,329,100 4,488,100 4,662,000 Health care and social assistance 19,417,200 20,112,500 20,514,200 20,830,400 21,309,800 Arts, entertainment, and recreation 3,873,300 3,980,900 4,045,800 4,182,300 4,289,000 Accommodation and food services 12,343,400 12,670,500 13,105,200 13,560,900 14,032,200 Other services, except public administration 10,232,100 10,414,700 10,529,500 10,887,000 11,036,200 Government and government enterprises 24,289,000 24,102,000 24,054,000 24,047,000 24,142,000 Federal, civilian 2,918,000 2,875,000 2,825,000 2,793,000 2,811,000 Military 2,081,000 2,056,000 2,032,000 1,975,000 1,955,000 State and local 19,290,000 19,171,000 19,197,000 19,279,000 19,376,000 State government 5,266,000 5,254,000 5,262,000 5,278,000 5,297,000 Local government 14,024,000 13,917,000 13,935,000 14,001,000 14,079,000 Total employment 176,278,700 179,081,700 182,408,100 186,168,100 190,195,400 Source: Bureau of Economic Analysis at www.bea.gov, table CA25N 12

Table 7: Rio Arriba County, New Mexico and United States Percent of Employment by Industry 2015 United States New Mexico Rio Arriba County Wage and salary employment 77.62 78.45 68.33 Proprietors employment 22.38 21.55 31.67 Farm proprietors employment 0.96 1.94 10.33 Nonfarm proprietors employment 21.42 19.61 21.34 Farm employment 1.39 2.63 12.04 Nonfarm employment 98.61 97.37 87.96 Private nonfarm employment 85.92 78.34 56.92 Forestry, fishing, and related activities 0.51 0.54 1.02 Mining 0.79 3.28 0.49 Utilities 0.31 0.42 0.71 Construction 5.23 5.53 4.27 Manufacturing 6.88 3.11 1.77 Wholesale trade 3.57 2.61 0.87 Retail trade 10.07 10.56 9.37 Transportation and warehousing 3.47 2.41 1.58 Information 1.78 1.46 0.75 Finance and insurance 5.07 3.16 1.37 Real estate and rental and leasing 4.59 3.69 1.66 Professional, scientific, and technical services 6.96 7.08 N/A Management of companies and enterprises 1.28 0.53 N/A Administrative and waste management services 6.32 4.94 3.40 Educational services 2.45 1.60 1.61 Health care and social assistance 11.20 11.83 11.46 Arts, entertainment, and recreation 2.26 2.27 2.44 Accommodation and food services 7.38 8.27 6.73 Other services, except public administration 5.80 5.07 4.57 Government and government enterprises 12.69 19.03 31.04 Federal, civilian 1.48 2.66 1.92 Military 1.03 1.54 0.64 State and local 10.19 14.82 28.49 State government 2.79 5.38 4.63 Local government 7.40 9.45 23.86 Total employment 100.00 100.00 100.00 Source: Bureau of Economic Analysis at www.bea.gov, table CA25N and author's calculation 13

Table 8: Rio Arriba County Percent of Employment by Sectors 2011-2015 Description 2011 2012 2013 2014 2015 Wage and salary employment 67.81 68.09 67.72 68.26 68.33 Proprietors employment 32.19 31.91 32.28 31.74 31.67 Farm proprietors employment 9.99 10.72 10.72 10.59 10.33 Nonfarm proprietors employment 22.19 21.19 21.56 21.15 21.34 Farm employment 11.39 12.36 12.52 12.18 12.04 Nonfarm employment 88.61 87.64 87.48 87.82 87.96 Private nonfarm employment 56.20 54.83 55.43 56.30 56.92 Forestry, fishing, and related activities 0.82 0.87 0.91 1.01 1.02 Mining 0.78 0.83 0.91 0.68 0.49 Utilities 0.90 0.88 0.82 0.72 0.71 Construction 4.42 4.26 4.29 4.16 4.27 Manufacturing 2.10 2.16 1.91 1.71 1.77 Wholesale trade 0.89 0.86 0.85 0.90 0.87 Retail trade 9.48 9.41 9.15 9.19 9.37 Transportation and warehousing 1.21 1.14 1.14 1.11 1.58 Information 0.65 0.72 0.76 0.73 0.75 Finance and insurance 1.84 1.66 1.69 1.67 1.37 Real estate and rental and leasing 2.07 1.62 1.64 1.63 1.66 Professional, scientific, and technical services N/A N/A N/A N/A N/A Management of companies and enterprises N/A N/A N/A N/A N/A Administrative and waste management services 2.51 2.89 3.40 3.44 3.40 Educational services 1.39 1.20 1.22 1.47 1.61 Health care and social assistance 11.65 11.05 11.27 11.59 11.46 Arts, entertainment, and recreation 2.33 2.37 2.29 2.26 2.44 Accommodation and food services 5.57 5.58 5.92 6.55 6.73 Other services, except public administration 4.61 4.52 4.49 4.66 4.57 Government and government enterprises 32.41 32.82 32.05 31.52 31.04 Federal, civilian 2.30 2.25 2.16 2.06 1.92 Military 0.72 0.71 0.70 0.65 0.64 State and local 29.39 29.85 29.19 28.81 28.49 State government 5.13 5.47 5.51 5.06 4.63 Local government 24.26 24.39 23.68 23.75 23.86 Total employment 100.00 100.00 100.00 100.00 100.00 Source: Bureau of Economic Analysis at www.bea.gov, table CA25N and author's calculation 14

Table 9: New Mexico Percent of Employment by Industry 2011-2015 Description 2011 2012 2013 2014 2015 Wage and salary employment 78.60 78.65 78.72 78.80 78.45 Proprietors employment 21.40 21.35 21.28 21.20 21.55 Farm proprietors employment 1.94 2.01 2.00 1.97 1.94 Nonfarm proprietors employment 19.46 19.34 19.28 19.23 19.61 Farm employment 2.56 2.66 2.72 2.60 2.63 Nonfarm employment 97.44 97.34 97.28 97.40 97.37 Private nonfarm employment 77.36 77.50 77.69 78.06 78.34 Forestry, fishing, and related activities 0.49 0.48 0.49 0.53 0.54 Mining 2.66 3.21 3.42 3.53 3.28 Utilities 0.43 0.43 0.43 0.42 0.42 Construction 5.57 5.43 5.51 5.52 5.53 Manufacturing 3.36 3.35 3.30 3.14 3.11 Wholesale trade 2.49 2.48 2.48 2.54 2.61 Retail trade 10.47 10.48 10.49 10.54 10.56 Transportation and warehousing 2.28 2.38 2.37 2.39 2.41 Information 1.55 1.54 1.49 1.45 1.46 Finance and insurance 3.34 3.29 3.24 3.20 3.16 Real estate and rental and leasing 3.73 3.58 3.58 3.63 3.69 Professional, scientific, and technical services 7.28 7.13 7.06 7.03 7.08 Management of companies and enterprises 0.52 0.51 0.51 0.52 0.53 Administrative and waste management services 5.14 5.00 5.08 5.03 4.94 Educational services 1.53 1.51 1.52 1.54 1.60 Health care and social assistance 11.42 11.54 11.51 11.54 11.83 Arts, entertainment, and recreation 2.17 2.22 2.21 2.22 2.27 Accommodation and food services 7.73 7.80 7.95 8.17 8.27 Other services, except public administration 5.18 5.12 5.05 5.11 5.07 Government and government enterprises 20.07 19.85 19.60 19.34 19.03 Federal, civilian 3.06 2.96 2.82 2.72 2.66 Military 1.70 1.70 1.71 1.62 1.54 State and local 15.31 15.18 15.07 15.00 14.82 State government 5.47 5.39 5.37 5.43 5.38 Local government 9.84 9.79 9.70 9.57 9.45 Total employment 100.00 100.00 100.00 100.00 100.00 Source: Bureau of Economic Analysis at www.bea.gov, table CA25N and author's calculations 15

Table 10: United States Percent of Employment by Industry 2011-2015 Description 2011 2012 2013 2014 2015 Wage and salary employment 77.78 78.02 77.86 77.79 77.62 Proprietors employment 22.22 21.98 22.14 22.21 22.38 Farm proprietors employment 1.06 1.03 1.02 0.99 0.96 Nonfarm proprietors employment 21.16 20.95 21.13 21.23 21.42 Farm employment 1.50 1.46 1.45 1.42 1.39 Nonfarm employment 98.50 98.54 98.55 98.58 98.61 Private nonfarm employment 84.72 85.08 85.36 85.66 85.92 Forestry, fishing, and related activities 0.49 0.49 0.50 0.51 0.51 Mining 0.71 0.87 0.88 0.86 0.79 Utilities 0.33 0.32 0.32 0.31 0.31 Construction 4.98 4.99 5.07 5.15 5.23 Manufacturing 7.03 7.04 7.00 6.93 6.88 Wholesale trade 3.49 3.49 3.48 3.53 3.57 Retail trade 10.19 10.10 10.08 10.07 10.07 Transportation and warehousing 3.22 3.28 3.30 3.37 3.47 Information 1.83 1.80 1.79 1.79 1.78 Finance and insurance 5.53 5.42 5.38 5.17 5.07 Real estate and rental and leasing 4.50 4.39 4.42 4.52 4.59 Professional, scientific, and technical services 6.79 6.82 6.88 6.91 6.96 Management of companies and enterprises 1.18 1.22 1.24 1.27 1.28 Administrative and waste management services 6.10 6.16 6.23 6.30 6.32 Educational services 2.34 2.34 2.37 2.41 2.45 Health care and social assistance 11.02 11.23 11.25 11.19 11.20 Arts, entertainment, and recreation 2.20 2.22 2.22 2.25 2.26 Accommodation and food services 7.00 7.08 7.18 7.28 7.38 Other services, except public administration 5.80 5.82 5.77 5.85 5.80 Government and government enterprises 13.78 13.46 13.19 12.92 12.69 Federal, civilian 1.66 1.61 1.55 1.50 1.48 Military 1.18 1.15 1.11 1.06 1.03 State and local 10.94 10.71 10.52 10.36 10.19 State government 2.99 2.93 2.88 2.84 2.79 Local government 7.96 7.77 7.64 7.52 7.40 Total employment 100.00 100.00 100.00 100.00 100.00 Source: Bureau of Economic Analysis at www.bea.gov, table CA25N and author's calculation 16